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Anonymous

05 Mar 2020

General Investing

How should I start investing?

Hi seedly community, I'm a complete newbie to the world of investing and would like to know where do I begin. I have no clue where to start, what to do and when to begin it. Anybody got any tips and tricks for a newbie like me?

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Read a lot, f.ex this one: https://sias.org.sg/wp-content/uploads/pdf/SIAS...

particular reading topics: passive indexing ETFs, compounding effect, brokerage comparisons, emergency funds, debt paydown, www.etf.com

all very important topics.

more on my thinking with some concrete ideas (some more risky, some less) here:

https://seedly.sg/questions/what-is-your-genera...

strong advice: avoide buying mutual funds/unit trusts, life insurance, options, CFDs...

use instead: passive indexing ETFs ultra-longterm​​​

Alvin Teo

03 Aug 2019

Aviva Relationship Consultant at Aviva Affinity Channel

Are you also a newbie in the sense that you have no prior knowledge to finance like me? My formal education is in Shipping. So investing and finance as a whole is a complete foreign concept to be, knowing compound interest in school is different from knowing compound interest in finance. Bear in mind, I picked up investing/finance way before I joined the industry. I was trying to figure out how come 25 years mortgage loan has so much more interests than 15 years, this question sent me down the rabbit hole.

There are many many aspects to finance and investing is just one of them. There is also your own savings which is important no matter market bull or bear (good or bad). You just have to keep amassing knowledge in order to learn. You can do it through reading texts or books. But here a few main tips which helped me got through learning investments:

1) know that internet is a big place, a lot of things you read/watch could be just opinions and noise. Even if they are from big broadcasting companies.

2) Knowledge is crucial but mindset is even more important. i.e. my risk appetite is basically how well I can sleep at night even when market turns bad. How well you can sleep at night is important because if you lose sleep over investing, you lose focus at work, etc...
3) To loosely quote Charlie Munger, you have to learn how to sit on your hands and do nothing (don't recklessly react)

4) Investing in itself is a contact sport. You can find stocks every where. Just go out for a walk and you'll find tonnes of companies to INVESTigate: tiger balm = haw par group, take taxi = comfort delgro, buy 4D = wish Singapore Pools is listed.

5) If you find a good stock, don't keep it to yourself, the more people participates in your ideas and buy into it, the more the stock will rise. Picture this, you know everyone through 6 friends (6 degrees of seperation), so if you find a good stock and tell someone about it, chances are it may land into the ears of Warren Buffett and invest based on your idea. Wishful thinking but the idea is there.

Have fun, play the long game, be responsible for your own money. Quality of Life Time spent on investing.

Hi anon,

I recently answered a similar question on how a newbie can get started with investing, ha...

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